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Search Results 0 to 49 of about 134 (some duplicates have been removed)
CBS
Dec 30, 2012 6:30am EST
of climate change. >> oh dear. susan? >> federal government rate of the gibson guitar factory. they confiscated the merchandise because a small business took some wood -- that was the incorrect level of thickness. >> interesting. what a loss. >> the worst political theater? how the right turned benghazi tragedy into theater of the absurd. >> are you reading that now? >> i wanted to get it right and concise. >> listen to me now and watch this. understood reported story of 2012 the bright side of mexico. the bright side of mexico. but particularly its economy. you call mexico went down to a failed state on the program. now in the midst of a manufacturing rebound be exports up to 14%. up from 11%. creating jobs, boosting gdp and drawing mexican immigrants from the united states back home. okay. the most overreported story of 2012. pat? >> the election of 2012 primary and general election and the fiscal cliff. >> eleanor? >> political gaffes. i like to fire people. you didn't build that, corporations are people too my friend. and -- the -- what is it? the private sector is doing j
FOX News
Dec 29, 2012 10:00am PST
we are going to have to get eight bigger truck. that's what the government is trying to do. borrow the way out of debt. it is impossible . it never worked in the history of the world . dr. art's curve works every single time. >> we are up against the end of the show. we have kelly wright and healther childers. play us out in the new year or satted afternoon with your song all of the gold in california . thank you for watching and here is it larry gatlin. >> never was appropriate. ♪ all the gold in california. ♪ is in a bank in the middle of beverly hills in somebody else's name. >> a fox news alert. senate leaders now holding crucial fiscal cliff talks on capitol hill rushing to come up with a last ditch agreement to avoid deep spending cuts and year end tax hikes affecting the lives of every american, i'm kelly wright. >> i'm heather childers in for jamie colby. the 11th he hour scramble after a crucial meeting on friday, between president obama and the leaders of the house and senate and urged lawmakers to urge them to do whatever it takes to cut a deal. >> i'm modestly opti
FOX News
Dec 27, 2012 3:00pm PST
for the foreign service officers even when they leave the particular position. they still held a government job. >> secretary of state hillary clinton still hasn't testified before congress about the benghazi attacks, because she suffered concussion after being ill. but they want her testimony before they hold any hearings to confirm her successor. >> before i want a new secretary of state, i would like for the secretary to come and testify about the culture. that is helpful to come in and understand what the thinking was at that time. >> john kerry in line for the next secretary of state says clinton will appear before the foreign relations committee in january. >> peter doocy, thank you. >> lisa jackson is stepping down after four years on the job. the tenure marked by the high-profile brawls over air pollution, keystone x.l. pipeline. and new controls on coal fired plants. they claim a recent decision by justice department to release thousands of the e-mails next month may have contributed to the resignatio resignation. leland vittert is following all the action. >> russia foreign minister w
CSPAN
Dec 31, 2012 12:00pm EST
local government control. in the spirit of cooperation among members, -- members of both party the house-passed version of h.r. 6364 would have protected the d.c. war memorial and h.r. 6364 is amended -- as amended by the senate similarly will have no effect on the d.c. war memorial. in fact all the provisions regarding memorials have been removed from the bill. instead it establishes a commission to observe world war i across the country as we approach the centennial of the start of the war. i emphasize that the commission approach means that the reason this has been done reflects on nothing more than the fact that the commission approach -- approached two important commemorations almost always has been the -- the commission has been the approach. the usual approach, almost always, to important commemorations, and world war i had enormous effects on those who fought, on the nation, and on the world. more than four million member and -- men and women from the united states served in uniform in world war i. among them two future presidents, harry s. truman and dwight w.ize -- and dwight d
CSPAN
Dec 26, 2012 5:00pm EST
the longstanding recommendation of the government accountability office that the department perform a strategic review that they carry at the necessary security measures that the diplomats abroad and ensure that all necessary actions are present to prevent a recurrence. i know there will be an attempt to shift the responsibility for the tragedy to a shortage of resources. requests for more money are a familiar refrain in the state department reports. but budgetary constraints or not a factor in the department's failure to recognize the threats and adequately respond to this situation in benghazi that is and about misplaced priorities. if this department intends to blame its long string of failures on an adequate funding, then perhaps it should take a closer look at the money that is being lavished on the global climate change, colin marie diplomacy programs another fever project. this money could have been used for providing diplomatic security including hiring additional personnel and providing them with adequate equipment and training. this report and this hearing are just the beginning of ou
FOX Business
Dec 26, 2012 7:00pm EST
wrong, did not mislead, did not misrepresent, i did the best with information united states government had at thete time. >lou: here's what ambassador rie did say five days after onl benghazi. >> the best information we have today is this was not a pre-planned, premeditated attack.th what happened initially was a spontaneous reaction to what had just transpired in cairo as a consequence of the video. lou: she said nobody is blameless. joining us now, fox news middlen east analyst. it is great to have you with us. your reaction first to her claim she did not misrepresent, did not lie about what happened in benghazi. >> she may be mistaking the version of national security given to her is well defined in the sense she said what she had to say, she did not commit a lie with the american public knowing it did, but on the other handinw there was an assessment made in washington prior to that the next few hours clearly this was a terrorist attack by armed people. in between those two there's a political decision not to tell the truth as to what happened for political reasons. that is somethi
FOX News
Dec 27, 2012 7:00pm PST
of people who believe in limited government and a government that represents we, the people, and not we, the elites. and i really think that it's archaic and dinosaur-like of folks like sam donaldson who have long been out of power. i mean we broke the liberal media monopoly years ago, and this is really their death row call, not ours. thanks, sam. >> good to see you. thank you for being with us. happy new year. >> you bet. >> that's all the time we have left for the special fiscal cliff edition of hannity. thanks for being with us. let not your heart be troubled because the news continues and greta is standing by to go live on the record. greta, take it away. >> this news alert. an emergency meeting tomorrow at the white house. president barack obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the
SFGTV2
Dec 23, 2012 11:00pm PST
more memories i want to share. one deals with government and jazz. chris always wanted to work for the state department. he always wanted to be involved in the foreign service. he took the foreign service exam when we were undergrads at cal. he came back the first time, pleased with results on the written but felt he didn't do so well on the orals. the question that seemed to trip him up and left him perplexed was the following. mr. stevens, please compare american government and jazz music. chris told us he didn't quite know how to handle that question. my suggestion involved people blowing loudly on their horns or banging loud' on their drums was not terribly helpful. we decided to ask questions to trip up the applicant. we didn't have the internet to find a quick answer but figured it out. though chris may not have come up with the answer during that exam he certainly lived the message taught by this interesting comparison. both american democracy and jazz music involved ongoing experimentation. they involve unscripted action and improvisation as we figure out the best way t
FOX News
Dec 26, 2012 1:00pm PST
the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> as folks dig out, the flight delays delays rack up. nearly 1300 flights canceled so far. mike tobin is at chicago's o'hare with the latest. >> when you talk about the flight cancellations, the hubs of o'hare, atlanta, did not get hit so the megaripple didn't happen. the places that you see the cancel legislations are the destination. ohio, michigan, indiana, stretching all the way to the eastern seaboard. if that city is socked in, there's where the flights are canceled. it's a serious storm. you might have mentioned six people were killed, mostly people who elected to get out on the roadways. these are states like iowa, indiana, central illinois, where more than a foot of snow came on down. all of those people who made it to destinations for christmas are trying to get home. between them and home is snow, ice, and gusts up to
CBS
Dec 30, 2012 10:30am EST
or canceled. or to tell various agency the-- the t.s.a., f.a.a., all through the federal government, lay people off, this is real, because they seaport negotiations are not getting anywhere near a deal and they have to prepare for the cutting side of the fiscal cliff, not just the taxes. >> o'donnell: and, nancy, if there is no deal, what happens next on monday? >> reporter: essentially we move to plan b, where senates democrat introduce their own plan in the senate that caps the bush tax cuts ap at $250,000 or less, extends long-term unemployment benefits, maybe imposing spending cuts to push off the sequester for six months or a year and we see if the republicans allow a straight up-or-down votes that only requires 50 senators to vote yes or if we have to go to a 60-vote threshold. democrats think they can get the seven republicans they need-- they think they might be able to get up to 10 who have signaled they could go along with something like this. that's not the end of the road. even if it passes, it has to go to the house and that's a tricky road as well. >> o'donnell: let's turn
FOX Business
Dec 29, 2012 4:00am EST
there for the government. you think about that aspect of it. but we have to hear from secretary clinton, as secretary of state, come a testify in person and on the record. there are a lot of questions and today's hearing added two more questions. lou: do you think they will be answered here? secretary clinton has said she will testify before mid-january, which would be before the inauguration, an presumably in an effort to satisfy the senate. your thoughts. >> i think it is critical she does that for her own credibility and i think she wants to testify but there are many tough questions that need to be answered for what th secretary of state was was doing as well as the president of the united states was doing. did the president know about these requests? the narrative was al qaeda is on the run. we see al qaeda linked terrorists were actually training in eastern libya not far from an ghazi, that seemed to be a hotbed training area for those folks and makes you wonder if the state department believ the presidens own press releases rather than what they should have seen on the ground, they shod have b
FOX News
Dec 29, 2012 12:00pm PST
sued. then he turned around and found it constitutional under the government's taxing power even though the plain language of the law said it wasn't a tax. justice roberts was clearly looking for any rational to uphold the law. he probably believes he was protecting the reputation of the court but in the process he made the court look more political and he hurt his own reputation and ultimately the courts, too. remember if you have own hit or miss, please send it to us at foxnews.com and follow us on twitter at jer at f&c. thanks for watching. happy new year. we hope tosue right here next week. >> jon: on the panel. fox news contributor, judy miller, rich grenell that served for four ambassadors and jim pinkerton and fox news political analyst. juan williams. i'm jon scott. fox news watch is on right now. >> we can now definitively say that president barack obama will be re-elected, mitt romney will come up a loser in this race. >> jon: the billing media story of the year, the presidential election. that was how it ended. barack obama beating mitt romney and an end to a bitter se
FOX News
Dec 31, 2012 6:00am PST
at this moment is not in effect. the french government and francois hollande says, it won't make any difference. we'll rewrite the law using new wording and we'll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. >> thank you. gregg: what will it mean if lawmakers fail to strike a deal? according to the tax policy center 90% of the americans would see a tax hike in 2013. 121 million people will be paying a whole lot more in payroll taxs. those are social security payroll taxs. families making between 40 and $65,000 a year will have to pay an extra two grand to the u.s. government. the more you make, boy, that number really accelerates. heather? heather: another devastating blow in the fiscal cliff crisis, this mess, will be to the military. $500 billion slashed from the pentagon budget that is raising serious concerns about our national security. chairman of the house armed services committee, california congressman, bruce mckeown will weigh in on the impact these cuts will v that is live in our
FOX Business
Dec 26, 2012 11:00pm EST
are most vulneble. if we're going to cut the size and scope of government perhaps we should go over the fisca cliff so people will understand government spending is out of control and may start to ask questions being asked at the kitchen tables of every family, why we see christmas sales so low. they're saying how do we make major purchases? people are cutting back in personal livesthey want got to do the same. something else is playing into christmas sales being low. christmas itse is under attack. a lot of christian conservatives believe that if we're gog to say happy holid, perhaps those that think it's any other holiday should support the economy and they're not buying the gifts they used to buy. they do christian efforts locally in churches and talk to families about other things than gifts. >> we always say merry christmas here but stay on this here. if we do go over the fiscal cliff, yes, taxes will go up. molly outlined how much for every income levelcross the board. >> very hard. >> down the road, isn't it the only way we get our fiscal house back in order? >> that's what i
SFGTV2
Dec 24, 2012 9:00pm PST
libyans were amazed at the site of a senior government official doing mundane activities without a huge entourage and demanding vip treatment. chris had a great knowledge of libyan history and culture. he would often crack jokes with government counter parts. not just in arabic but in the libyan dialect, which the libyans loved to hear him speak. another told me when i saw him in may as newly appointed ambassador in tripoli he had not changed, despite the promotion and accolades. he was the same guy. lingering one night after dinner to help me with a difficult table, i referred to him as sir or ambassador. he looked at me for a second, he sighs and he said i wish everyone would just call me chris. he loved the work, loved the people, but he never took himself too seriously. people talk about what a good diplomat he was. he knew how to motivate others to be the same. even those down on their careers, lost faith, in hardship. this was a tough task to inspire other to serve with dignity and self-respect. chris knew how to do that. nothing we can say here can make up for the heart ache and
FOX News
Dec 29, 2012 11:00pm PST
with the libyan government to make sure we bring these folks to justice one way or the other. >> jon: that was president obama the day after the deadly a attacks on our consulate, benghazi attacks conducted by terrorists. four americans americans including our ambassador were killed. the controversy failed protection and controversy about how they spun details leading up to the attack, ignored by the media to this day. why? >> i have to say that the news watch team just nailed it. that clip to me should have been the entire narrative of the romney campaign. president said it's too early to know if this is a terrorist attack. he didn't know or didn't want to admit this was a terrorist attack. weeks later in the leadup before the election, he then changes and tries to say, it was a terrorist attack and we called it from that moment. it was 9/11, he didn't call it a terror attack and he didn't pay the price in the wreed for that. >> why are the media not terribly interested in the result of that day? >> because it was portrayed as a republican attack on the president at that time we sho
CSPAN
Dec 26, 2012 1:00pm EST
government because the federal government is paying 40% of healthcare in this country, actually something more than that. there is lots of room to save money in this healthcare system and there by save money in medicare and medicaid. we're talking about a very small percentage about what we intend to spend over the next ten years in the savings that are being discussed. the same is true on discretionary savings. the president called for $200 billion. discretionary savings on top of the billion that has been done. but if we put it in perspective we're going to spend in the domestic accounts in the next ten years $11.6 trillion. so a $200 billion savings is 1.7% of what we're forecast to spend. we really can't save less than 2%? of course we can. i think we've as a country, both sides talk about the big headline number and they don't put it in perspective. how much are we talking about in terms of revenue. as a share of the revenue we're going to raise over the next ten years. how much are we talking about saving in these accounts in relationship to how much we're going to spend? i think th
MSNBC
Dec 30, 2012 5:00pm PST
, to pay for more government spending that doesn't help us with the deficit. and you hear members of congress, your republican colleagues who say, in my district, they don't want more spending. and that's how they see this money being spent. >> two things i would say. first of all, that is not the democratic position. no one that i know of is arguing that all of the increased revenue should go for increased spending nap simply isn't the case. by the way not having the sequester doesn't mean increased spending. it mean not having spending cuts. i voted against the idea of a sequester. i think it's not right way to do it. what the republicans want to do is spend more on defense. let me deal with this notion that republicans for cutting spending. you heard mitt romney criticize president obama because he's not spending enough on ships, which we don't need, and not staying long enough in the war zones. the republicans' view of spending is very particular one. secondly, as far as the american people are concerned, people in their districts, gee, if they represent districts in new jerse
FOX Business
Dec 31, 2012 6:00pm EST
pay increases that the president approved . >> no credibility. i am on the government and the need help. gerri: you make a good point. if there is some kind of real resolution, can we see some kind of recovery in the economy? what the markets grade whatever deal comes out? i can't imagine -- i guess i'm just being negative. cutting entitlement spending in all the things we really need to do like making the tax system more fair and easy to understand you just cross your arms. >> my body language. if we have this deal we will not get tax reform. we will not give genuine spending cuts because with this president to mike cutting down the republicans piece by piece a little bit at a time. this is their last stand outside atlanta. think of atlanta as american capitalism. if they give in tonight, if they give in on monday and pass these tax increases, the president will get what he wants. there will be deficit reduction, and the next president will inherit the kind of situation that today characterizes come by once a greece, too extreme, but i would say italy. holy irresponsible for any r
FOX News
Dec 26, 2012 7:00pm PST
. people resign from their positions, but they don't necessarily resign their employment in the government. for the head of diplomatic security, although he's a presidential appoint tee, my understanding is he's also part of the foreign service. so he has left that particular job, but he's still a member of the foreign service. and i think a similar situation applies to the other three people. that's something that, you know, if it were a political appoint tee as the assistant secretary, once you resign, you are gone, that's it. and that was the impression that they left when these announcements were made last week but that's obviously not what has happened. >> that's what people want to know. so they have accepted eric's decision to resign but nevertheless people are still on the payroll. there's the accountability? and it's a coverup of resignations. they don't seem to have any import behind them. the fact of the matter is it's just for show. more political coverup to say we are doing something, heads are going to roll, maybe not the heads that matter and it's -- >> it's a lot of blue sm
FOX News
Dec 29, 2012 5:00pm PST
said this, "i built this business without government help, and you can kiss my -- well you get the picture here what ray was saying. it is pretty evident that that uh febded a lot of -- that offended a lot of people as they were up at night trying to get their businesses off the ground. >>> netanyahu knows what the intentions are, and he had a warning when he spoke at the united nations. >> where should a red line be drawn? a red line should be drawn right here. before iran completes the second stage of nuclear enrichment necessary to make a bomb. >> the united nations the liberty and good sense paid such attention to the prime minister that in just a few months thisy rewarded observer status to the palestinians in direct violation of the oslo accords and with no sense of purpose in light of the fact that there had just been a barrage of missiles and rockets fired from hamas in gaza to which the palestinians applauded. go figure. but i will say this, prime minister netanyahu may be the churchill of our day. mitt romney picked up a good fight as the republican challenger to the
FOX News
Dec 31, 2012 1:00pm PST
that. he won fair and square. but isn't it now time to govern? >>reporter: the white house response is the president has been trying to govern and he spent hours and hours with speaker boehner trying to work on the so-called grand bargain, and the $4 trillion debt deal and the question on the spending cuts that would have not only tax increases but spending cuts, changes to medicare and medicaid, and potentially social security as well, and the white house says the republicans on the hill complaining of this, now, but the president was willing to do a deal like that and it was republicans like speaker boehner who walked away. >> thank you, ed. the first senate vote is expected in a couple of hours, but if it gets through the senate, we really don't know if this has any chance as passing in the house of representatives and, chad, over to you. how will the evening play out? >> well, i want do be very clear there is no plan at this point for a vote in the senate. they want to bring all their members together at some point and talk about this but they have to get over the issue of the s
CNBC
Dec 26, 2012 7:00pm EST
that in three business days, the summit government is going to run out of borrowing capacity. john, if there were a treasurer in a business who went to their boss and said by the way, three business days, the working capital account dies and as a result, you are not going to make payroll next week, that person would be fired. we get three days notice about hitting the debt ceiling? that seems absurd to me. >> it is not a surprise.rise we have known we were coming to this point and there are two months more -- geithner estimated in that letter that the ways in which the federal government can manage money will give about would months worth of head room, possibly even longer. february or march or -- where we really get to the -- rubber hits the road on that issue. so -- this is not a shock to anybody in government but the publication of this letter and the elevation of the issues in attempt was done in 2011. there was an early moatfication by treasury this was about to happen, trying to get congress to move in a -- interest didn't work then. we will see if it works now. >> defaulting
FOX News
Dec 29, 2012 9:00am PST
money it just shuts the government down . risks the full faith and credit of the united states it is it about recognizing the debts that we incur and shouldn't be part of a extorsionist process. >> congressman you want the last word. >> the debt limit is part of our lecherage and not extortion. but making sure we live in our means and address the problem of spending. >> thank you for joining us today. we appreciate your sight. >> happy new year. >> and the united nations's envoy to syria warns that the civil war could meanos for the entire region. >> they met in moscow today and the talks don't seem to have prused much progress. >> they are concerned about the number. i recaller this week. bashar assad . the only hope for a solution is through the political talks. he and the russian foreign prime minister is ruling in syria untillet election takes place. secretary of state hillary clinton is expected to be back in the office next week. and she fainted and hit her head after being dehidrated from a stomach virus . what some are calling the benghazi shuffle . they are thought to
FOX Business
Dec 29, 2012 10:00am EST
department and the u.s. government learned that you need arabic speakers on the ground? or that you need addedsecurity cameras on the ground. for that you need enough people to protect your people on the ground. we have gone over this again and again. the state dertment doesn't seem to learn it, and that is where i think larry clinton is going to have a problem spewing ambassadorolon? >> when they talk about systemic failure, you have to say who is in charge of the system. the system, the captain of the state is the secretary of state. maybe they didn't want to say that, and maybe a panel didn't mean to say that. that is the inescapable conclusion of that lonn litany of failures. and i think that whilehe scope of this report is very limited, it lays a basis for congress to go forward. i think that we shouldn't link at the clear and sharp, unambiguous statement. there was no demonstration in benghazi. they knew from the get-go that this was a terrorist attack. lou: you can cut this anyumber of ways that you want to in this administration. the american people wre lied to. ey were like two
FOX News
Dec 27, 2012 1:00am PST
, right? he is the president of the united states. >> he is. but there are three branches of government. >> laura: accountability for that as well: that's for sure and the democrats didn't get around to actually passing a budget so we need to move on to that that guy, we are going to have the republicans have only so much leverage. in effect they don't have a lot of power here, do they? not really i think we learned that speaker boehner own party we can go back as you said to the debt ceiling debate. the only reason we have cliffs and crises because democrats, particularly in the senate have completely abandoned the legally mandated budgeting process. we have not had a budget in this country for three years. that's why we keep having all these high stakes crises where we are really worried about some deadline that's looming. if we just passed budgets the way we were supposed to and the way the flaw necessitates we wouldn't be having any of these problems, but we have had them year after year. the american people are so weary of this, laura. >> i love the fact, that the "new york times"
MSNBC
Dec 31, 2012 11:00am PST
naming of post offices, you know, government buildings. so that is really a level of productivity we haven't seen in the modern era. and you know, the thing is this is just a key thing to divided government but usually people are able to compromise and get something done but there isn't that commitment this time around. you have people stuck in their ideological positions and don't see a lot passed and signed in to law. >> what about the approval rating for this congress? >> it is at an all-time low in the nbc/"wall street journal" poll. an all-time low. that is just, you know, all-time lows. and, you know, i think that is a big reason you don't see people having a lot of confidence a lot will get as far as compromise goes as we're headed in to this fiscal cliff. >> you can probably ask people this next thing off the street, to give examples of the dysfunction of this congress because so many of these have been high profile. >> well, sure. there's so many different things of the debate, the standoff and both sides took some hits for. the super-committee failure setting this in motion
FOX News
Dec 29, 2012 1:00pm PST
. you know just despite the court is saying the government has not backed down and was within the last few hours and saying the law will be tree ree drafted to con forp with the court's ruling. nevertheless, there is spill widespread support for this tax. they are planning to speak in belgium and wealthy entrepreneurs have moved to countries in the region that have lower taxes. today's decision could delay those departures for the time being. >> gregg: katherine, live in paris, thanks very much. >> the president may want to check out the laffer curve before he rewrites that law. when people flee or stop working that is the laffer curve. >> arthel: your french reporter was there, how about this, you got plans for new year's eve. >> gregg: that is impressive. >> it starts at 11:00 p.m. eastern and megyn kelly and bill hemmer will bring you the event live in times square and new york city. you can be a part of the broadcast by texting your happy new year's messages to the show. here how you do it. you type the the u text, got it. type a space and ascend brief message. utext space and your
MSNBC
Dec 27, 2012 3:00am PST
geithner warned the government would hit its legal borrow i borrowing limit i limit by monday. geithner says the treasury will be forced to take, quote, extraordinary measures to keep paying the bills. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise can't be reached by next week on those big unanswered issues. with both sides locked in the standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts and incomes below $250,000, prolong unemployment benefits, and delay those sweeping spending cuts. sam stein. >> yes. >> what happens in -- and it appears it will happen -- we go off the fiscal cliff for a few days? >> not much, is my understanding. kwb, over time, it will have much more of an impact, and it's unknown exactly what the market's psyche will do with respect to the government's inability to come together. with respect to the tax hikes, it won't be as bad as the rhetoric is suggesting early on. whether it's enough to actually get people to
FOX News
Dec 27, 2012 2:00am PST
the road. no sham toast for the treasury department. that is the day the u.s. government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle a class action lawsuit. toyota will create a fund for retrofitting more than 3 million cars of technology that makes it easier for them to stop. in late 2009, all of 20010 due to lower resail value of the car. toyota has not admitteded any guilt on this topic. >> they get a big chunk of change and the car owners a little bit. >> for many passengers air travel is about finding the cheeps air fair. as airlines offer more and more add-ons from early boarding to premium seating to baggage fees that ability to comparison shop is prett
FOX News
Dec 30, 2012 7:00am PST
reduction in government spending? we still have the looming 16 trillion plus budget deficit. remember that? and the politicians they are taking their time on that as well. we will ask house budget committee member south carolina republican congressman when joins us live later this hour. he is worried that the talks have not addressed spending. so we have to address that. >> breaking news now in the benghazi terror attacks in libya. president obama this morning told "meet the press" the u.s. now has some "very good leads" about who carried out the deadly strike. >> there was sloppiness, not intentional in terms of how we secure embassies in areas where you essentially don't have governments that have a lot of capacity to protect the embassies. so we are are doing a thorough review. not only will we implement all of the recommendations that were made but we will try to do more than that. with respect to who carried it out, that is an ongoing investigation. the fbi has sent individuals to libya repeatedly. we have some very good leads, but this is not something that i'm going to be at liberty
CNN
Dec 31, 2012 1:00am PST
rates are way below normal, so when they spike, which they inevitably will, and the government is borrowing very short term to keep its costs down, the deficit is going to swamp the economy. and at that point you're going to have the debt crisis, and you're going to need a whole new stream of revenues. the only thing that paul krugman and paul ryan agree on, in a crisis situation, only a value-added tax will solve this problem. by raising marginal tax rates to get us out of this potential crisis. so we need very, very steep spending cuts, all of the emphasis and debate has been over marginal tax rates which are really a minor part of the solution, no matter what political strife you happen to be. you have to realize that tremendous spending cuts are necessary and already the -- any changes to social security have been ruled out in a short-term solution and it's going to be very difficult, congressman from oklahoma was correct, it's going to be hand-to-hand combat in the next session to get any cuts. no one is talking about major cuts except some on the republican side. >> i hea
CNN
Dec 31, 2012 1:00pm PST
in the house. you're going to lose votes in the house because people in the house want to cut the government. i want to cut the government. i just don't want to destroy the defense department. >> do you have any idea, senator mccain, as we speak right now, when the senate will vote on whatever agreement has been reached? >> well, i think there's hopes that we, if we vote tonight or tomorrow, i know there are concerns about the sequestration aspect of it. we're also very concerned that there's no spending cuts associated with a tentative deal. but there's no doubt that the president -- straight talk, wolf. the president has won the election. he does have an advantage here. he has a larger approval rating than the congress does. but that doesn't mean that we sacrifice principle. sequestration to me is a principle. >> a very important issue. i assume they're going to work out an arrangement that they will delay that sequestration, those automatic defense cuts, at least for a few months. presumably that will -- i assume that will allow you, senator graham, to go ahead -- and you might not be thrill
FOX Business
Dec 23, 2012 8:00pm EST
the american people have determined that governing is a shared responsibility between both parties in this congress laws can only pass with support from democrats and republicans, and that means nobody gets 100 percent of what they want. lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbs, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reid pounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at all. it could not pass the sen
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